Nepal’s stock market heats this February with three major IPOs launching in just two weeks. Investors tracking the upcoming IPO in Nepal should note Ridge Line Energy, Super Khudi Hydropower, and Palpa Cement Industries opening between Falgun 1 and Falgun 12.
The combined offerings bring 6.9 million shares across the hydropower and manufacturing sectors. The Securities Board of Nepal (SEBON) pipeline holds 71-87 companies representing Rs. 56-59 billion in future listings.
Ridge Line Energy Closes Falgun 4
Ridge Line Energy Limited (RLEL) accepts applications until February 16, 2026 (Falgun 4, 2082 BS). Prabhu Capital manages 1,180,260 units at Rs. 100 each.
The hydropower company opened on Falgun 1. Minimum investment is 10 units (Rs. 1,000). Apply through ASBA via your bank or mobile banking apps.
Super Khudi Hydropower Opens Falgun 5
Super Khudi Hydropower Limited (SKHL) begins applications on February 17, 2026 (Falgun 5, 2082 BS). The opening was postponed one day from the original Falgun 4 schedule.
Global IME Capital manages 1,286,500 units at Rs. 100 per share. Applications close around Falgun 10-11 (February 22-23). The Central Depository System (CDS) issued a schedule revision notice on February 13 to avoid overlap with Ridge Line’s closing.
Palpa Cement Opens Falgun 12
Palpa Cement Industries Limited (PALPA) launches on February 24, 2026 (Falgun 12, 2082 BS). This is the month’s largest offering with 4.5 million units.
Nabil Investment Banking manages the Rs. 100 per share issue. Applications close February 27 (Falgun 15), extendable to Falgun 26 if undersubscribed. The manufacturing sector public offering provides diversification from hydropower-dominated listings.
This Month’s IPO Schedule
| Company | Sector | Units | Opens | Closes | Manager |
|---|---|---|---|---|---|
| Ridge Line Energy | Hydropower | 1,180,260 | Falgun 1 | Falgun 4 | Prabhu Capital |
| Super Khudi Hydro | Hydropower | 1,286,500 | Falgun 5 | Falgun 10-11 | Global IME Capital |
| Palpa Cement | Manufacturing | 4,500,000 | Falgun 12 | Falgun 15 | Nabil Investment |
Community Allocations in Progress
Appolo Hydropower Limited allocates 470,000 units to project-affected locals starting February 23 (Falgun 11). Migrant workers access 94,000 units through March 9 (Falgun 25).
Kalinchowk Hydropower offers 550,000 units to Dolakha locals and 82,500 to migrant workers. Applications run February 25 through March 11 (Falgun 13-27).
General public offerings for both companies await announcement.
Recently Approved Public Offerings
Beni Hydropower Project received SEBON approval on February 12, 2026 (Magh 29, 2082 BS). NMB Capital will manage 2,080,000 units at Rs. 100 each. Opening date pending.
Siddhartha Pharmaceuticals appointed Siddhartha Capital as issue manager on February 12. Details on units and timeline not yet announced.
SEBON Pipeline Overview
SEBON holds 71-87 companies awaiting approval, totaling Rs. 56-59 billion. Hydropower dominates with 34+ companies representing Rs. 18.26 billion.
No additional general public IPO opportunities have confirmed immediate February openings beyond those listed above.
How to Apply
Use ASBA through your bank branch or mobile banking apps. Global IME’s GlobalSmart+ and similar platforms enable smartphone applications.
Minimum investment is 10 units (Rs. 1,000 for Rs. 100 shares). Funds remain blocked until allotment results appear on the MeroShare portal.
Market Update
Reliance Spinning Mills shares were listed on the Nepal Stock Exchange (NEPSE) on February 13, 2026, opening at the Rs. 100-300 range. Hotel Forest Inn IPO closed February 9 with allotment pending.
NEPSE index trades around 2,671 points, reflecting stable investor sentiment. The index’s current level suggests favorable conditions for new public offerings.
Application Deadlines
Ridge Line Energy closes February 16 (Falgun 4). Investors must submit applications before the deadline through authorized banks.
Verify all information on the SEBON website, Merolagani, or ShareSansar before applying.
Also Read: SEBON Collects Rs 5.06 Crore in Fines from 101 Firms in FY 2081/82
